Home · Weather · Forum · Learning Chinese · Jobs · Shopping
Search This Site
China | International | Business | Government | Environment | Olympics/Sports | Travel/Living in China | Culture/Entertainment | Books & Magazines | Health
Home / Business / Auto Tools: Save | Print | E-mail | Most Read | Comment
January car sales soar despite winter storms
Adjust font size:

China passenger vehicle sales soared to a monthly high in January, with the worst winter storms in half a century failing to dampen the country's increasing love for cars, an industry group said.

Chinese car makers sold 639,000 passenger vehicles last month, up 32 percent from the same period in 2006 and 6.7 percent up from December, according to the China Passenger Car Association.

January sales exceeded those in the previous month for the first time in recent years, despite coming at a time when dealers usually try various measures to reduce stock in hope of bumping up sales figures before the year end, it said.

Sedans accounted for three-quarters of the January figure, while sport utility vehicles (SUV) sales jumped 60.5 percent year on year to 32,000 units, nearly twice as fast as the industry average.

Passenger vehicle production was up 14.5 percent year on year to 566,000 units. This included 423,000 sedans, 35,000 SUVs and 14,500 mini-vans.

Sales in February, which only has 18 workdays due to the Spring Festival holiday, were likely to be as high as 400,000 units because the freak winter weather had delayed some January deliveries, the association said.

Vehicle production and sales in the country both surged more than 20 percent to a record 8.8 million units last year, in contrast to weakening sales worldwide.

In total, China, the world's second largest car market, produced 6.38 million passenger vehicles and sold 6.3 million units last year.

The association forecasts imported passenger vehicle sales would continue to outpace those of locally-made units this year.

Demand for imported high-end cars would remain strong as they only had a few local rivals. In addition, domestic oil prices were rather low and the country has a growing rank of nouveau riche, it said.

The market for indigenous low-emission cars was weakening domestically, while 81 percent of imported SUVs and 70 percent of imported sedans had engines larger than 2.5 liters last year, both up 20 percentage points from a year earlier.

(Xinhua News Agency February 15, 2008)

Tools: Save | Print | E-mail | Most Read

Username   Password   Anonymous
China Archives
Related >>
- Passenger car sales rise but slowdown expected
- China's car sales accelerate to 21.3%
- Car Sales Rise 27% as Traders Take Profits
Most Viewed >>
-Airbus sees huge potential in China
-Steel firms may have to accept rise
-Google embarks on free music downloading
-Metals shipments return to normal
-New bankruptcy act for banks proposed

May 15-17, Shanghai Women's Forum Asia
Dec. 12-13 Beijing China-US Strategic Economic Dialogue
Nov. 27-28 Beijing China-EU Summit

- Output of Major Industrial Products
- Investment by Various Sectors
- Foreign Direct Investment by Country or Region
- National Price Index
- Value of Major Commodity Import
- Money Supply
- Exchange Rate and Foreign Exchange Reserve
- What does the China-Pakistan Free Trade Agreement cover?
- How to Set up a Foreign Capital Enterprise in China?
- How Does the VAT Works in China?
- How Much RMB or Foreign Currency Can Be Physically Carried Out of or Into China?
- What Is the Electrical Fitting in China?
SiteMap | About Us | RSS | Newsletter | Feedback

Copyright © All Rights Reserved E-mail: Tel: 86-10-88828000 京ICP证 040089号